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Indonesian economic crisis on household welfare there. Using only pre-crisis household information, we estimate the compensating …-parametric methods. We find that virtually every household was severely impacted, although it was the urban poor that fared the worst … the geographic location of the household mattered even within urban or rural areas and household income categories …
Persistent link: https://www.econbiz.de/10012470154
This paper assesses the impacts across US household income groups of carbon taxes of various designs. We consider both …
Persistent link: https://www.econbiz.de/10012480833
We construct key household and individual economic variables using a panel micro data set from the Russia Longitudinal …
Persistent link: https://www.econbiz.de/10012463569
quantify the contribution of various factors to the distribution of household income. We find that educational assortative … mating accounts for a non-negligible part of the cross-sectional inequality in household income in each country. However …, changes in assortative mating over time barely move the time trends in household income inequality. This is because the …
Persistent link: https://www.econbiz.de/10012458394
The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity …, using data from the Panel Study of Income Dynamics, we document the patterns of household income, consumption and wealth …. Motivated by this evidence, we study several variants of a standard heterogeneous household model with aggregate shocks and an …
Persistent link: https://www.econbiz.de/10012456356
We study how Americans respond to idiosyncratic and exogenous changes in household wealth and unearned income. Our …
Persistent link: https://www.econbiz.de/10012599290
China's high household savings rate has attracted great academic interest but remains a puzzle. Potential explanations … include demographic, policy, and financial causes. Yet a lack of reliable microlevel data on household finances makes it …
Persistent link: https://www.econbiz.de/10013172155
We investigate the stochastic relation between income and consumption (specifically, consumption of food) within a panel of about 2,000 households. Our major findings are: 1. Consumption responds much more strongly to permanent than to transitory movements of income. 2. The response to...
Persistent link: https://www.econbiz.de/10012478631
The growth in single-person households is a pervasive behavioral phenomenon in the United States in the post-war period. In this paper we investigate determinants of the propensity to live alone, using 1970 data across states for single men and women ages 25 to 34 and for elderly widows. Income...
Persistent link: https://www.econbiz.de/10012478656
When the zero lower bound on nominal interest rate binds, monetary policy makers may lack traditional tools to stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax changes, has the potential to meaningfully shift durables...
Persistent link: https://www.econbiz.de/10012480864